Multiple Choice
The entries that transfer the revenue,expense,and dividends balances to the Retained Earnings account to prepare the company's books for the next period are called ________.
A) closing entries
B) opening entries
C) adjusting entries
D) temporary accounts
Correct Answer:
Verified
Correct Answer:
Verified
Q8: The Depreciation Expense account is a temporary
Q20: The steps of the accounting cycle are
Q77: Which of the following accounts would appear
Q85: Under which of the following categories would
Q86: Which of the following entries will be
Q104: Dogwood,Inc.earned revenues of $11,000 and incurred expenses
Q108: The net income of Harriet,Inc.for the year
Q112: Swan Song's adjusted trial balance as of
Q149: List the steps of the accounting cycle
Q188: Which of the following adjusted balances would